Cost Manager

Cost Manager

Job ID

94967

Posted

18-Nov-2022

Service line

GWS Segment

Role type

Full-time

Areas of Interest

Quantity Surveying

Location(s)

London - England - United Kingdom of Great Britain and Northern Ireland

Job Title: Cost Manager

Reports To: PGO Lead

Location: London

Position Purpose

A Cost Manager is required to support the Programme Governance Office (PGO) serving a major financial client account. The role is primarily based in client offices in the city of London, Canary Wharf. The Cost Manager is responsible for helping to ensure project governance and assurance requirements are delivered. The Cost Manager’s primary responsibility will be to liaise with project teams to challenge capital expenditure requests and help advise accurate forecasting for the regional Rolling Capital Plan (RCP). In addition, the Cost Manager must continually review process and procedure and look for efficiencies of live projects, so that the client may achieve better value through its capital expenditure.

Key Responsibilities (but not limited to)

• Prepare and develop client’s capital expenditure budgets and forecasts for projects for entry in the Rolling Capital Plan
• Regularly maintain and review information in Rolling Capital Plan: prepare monthly recommendations to the Global Leadership team and PGO Leads
• Review and challenge cost estimates provided by tier 1 suppliers, against benchmarks, Service Agreements etc.
• Oversee expenditure and review tier 1 suppliers cost management activities
• Review monthly Cost Reports and Project Status Reports (PSRs), and make recommendations on best practice cost management
• Review, challenge, improve and direct cost management processes provided by tier 1 suppliers
• Regularly liaise with the global team with a view to ensure global consistency
• Drive consistency and data integrity
• Liaise with finance to track P+L impact of projects, and track assets under construction to ensure timely and accurate financial close-out, capitalisation and depreciation of project spend.
• Collation of new cost data and use of client’s historic cost data for benchmarking - Furthermore, the accuracy of the initial budget should be assessed at the end of each project as part of the project close out process
• Generate analysis to compare benchmarking data against other similar institutions using CBRE internal data
• Day-to-day use of the clients Project Management Database to review cost reporting information inputted by tier 1 suppliers and ensuring budgets are accurate and up to date with all approved variations.
• Perform high level commercial reviews on all projects and perform audits of cost underspend/escalation on projects including reviewing Risk Registers, Change Control Log, Value Creation Log etc.
• Establish interfaces and liaise with client stakeholders, e.g. Security and IT to better prepare and track the project budgets / pipeline across the region.

• Preparation of accurate, timely, and complete reports to the client

• To perform additional duties which may be required from time to time as required

Additional Responsibilities

• Familiarization with and use of CBRE and Client tools and procedures for budgeting and cost reporting
• Contribute to an ongoing Continuous Improvement agenda with ideas and take ownership of implementing process change initiatives.
• Participate in global calls

Experience / Education Required:

• A minimum 3 years of relevant cost management industry experience.
• Graduate degree in a sector related subject
• Professional background within a corporate office environment

Key Requirements

• Experience and/or training in cost and commercial management covering both pre and post contract.
• Ability to step back for a bigger picture and apply strategic viewpoint.
• Articulate, professional person
• Ability and stamina to understand, expertly/effectively handle and analyze large data with confidence
• Ability to comprehend, analyze, and interpret complex business documents.
• Ability to write reports, manuals, presentation, and articles using distinctive style.
• Ability to make effective and persuasive presentations on related topics to employees, clients, top management and/or public groups.
• Ability to motivate and negotiate effectively with key employees, top management, and client groups to take desired action. Ability to solve advanced problems and deal with a variety of options in complex situations.
• Excellent client relationship, communication, and facilitation skills
• Intermediate to advanced level in Microsoft Office applications
• Excellent interpersonal skills, confident and experienced in dealing with stakeholders of all levels
• A team player that interacts effectively with colleagues and clients
• Strong analytical and organisational skills with the ability to prioritise workload with an attention to detail and willingness to complete projects.
• Ability to work independently with minimal supervision when necessary
• Proactive and positive attitude with a calm and methodical approach to work
• Ability to learn new tasks, systems, processes and skills quickly
• A ’can do’ attitude
• Able to coordinate and motivate a team towards a common goal using a consultative approach
• A team player with proven ability to work easily and effectively across boundaries
• Able to work in a busy and fast paced environment
• Highly organized to ensure critical control deadlines are met weekly, monthly, quarterly

Disclaimer

This job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to the job.

EQUAL OPPORTUNITIES

We are an equal opportunities employer and do not discriminate on the grounds of gender, sexual orientation, marital or civil partner status, pregnancy or maternity, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.

ABOUT CBRE

CBRE is the world’s leading commercial real estate services firm with offices located around the globe. CBRE currently employs roughly 80,000 people worldwide, with 2,500 working in the UK. The Company’s core services include property sales, leasing and management, facilities and project management, investment management and, research and consulting. In central London, CBRE advises on more commercial property than any other adviser and across the United Kingdom with offices in Aberdeen, Birmingham, Bristol, Edinburgh, Glasgow, Jersey, Leeds, Liverpool, Manchester, and Southampton.